It’s been a great first quarter for some of the major players on the US banking scene. Last Friday’s JPMorgan, Wells Fargo and Citigroup reports, as well as Monday’s Bank of America release, all scored higher than expected. Goldman Sachs, the 149-years old behemoth, was the latest to follow, crushing estimates both at the top and bottom lines.
Important retail sales and CPI reports from the US, UK and Canada are coming next week.
- BlackRock impresses in Q1, despite stock market wobbles
- Tesco continues its advance. CEO says debt is down by almost 6 bn
- Next week reporting Goldman Sachs, Morgan Stanley, IBM, Procter & Gamble, Netflix and more.
We would like to inform you that effective from Thursday, 19th April, we are changing the minimum margin requirement for all currency crosses that include the New Turkish lira (TRY) from 0.5% to 5%.
Manufacturing production data from the UK, inflation reports from the US and the FOMC meeting minutes – these are the major events that will potentially move the markets next week.
Lately, it’s been quiet on the earnings front, but next week comes with a few big financial companies reporting quarterly results. Watch out for BlackRock, Wells Fargo, JPMorgan Chase and Citigroup, as well as Brittish retailer Tesco.
Weekly Overview (26 – 30 March, 2018): GDP reports on the opposite sides of the spectrum for the US and the UK
US’ GDP flies high on the wings of consumer spending, unlike the UK.
Key economic data coming next week with a lot of PMIs and employment reports from the US and Great Britain, as well.
Red Hat and Walgreens both surpassed expectations with their quarterly reports. What did the raw numbers show?
We would like to inform you that due to the upcoming Easter holidays, trading hours of some markets will be changed for the period 29 March – 02 April 2018.